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Boeing delivers more planes during Q1

By Staff Reports on April 23, 2014
tagged boeing

Boeing Commercial Airplanes’ revenue for the first quarter increased 19 percent to US$12.7 billion (9.1 billion euros) on higher 787 and 737 deliveries.

There were 161 planes delivered during the first quarter, an 18 percent increase compared to the first quarter of 2013.

During the quarter, the 787 program reached a 10-per-month production rate and completed preliminary design review on the 787-10. The company selected the Everett, Wash., site as the location for a new composite wing center for the 777X. In April, the 737 program reached a production rate of 42 per month.

Commercial Airplanes booked 235 net orders during the quarter. Backlog remains strong with over 5,100 airplanes valued at US$374 billion (270 billion euros).

The Boeing Company reported that first quarter revenue increased 8 percent to US$20.5 billion (14.8 billion euros) on higher commercial volume.

“Disciplined execution across our production and development programs produced strong first quarter results,” Boeing Chairman and CEO Jim McNerney said. “Our outlook for the full year remains positive on the strength of demand for our fuel-efficient new commercial airplanes, our solid position in global defense, space and security markets, and our enterprise focus on meeting customer commitments, improving productivity and profitably delivering the growth in our sizable backlog.”